Termination of Royalty Obligation Sample Clauses

Termination of Royalty Obligation. In the event that any Licensed Cell Line furnished to SIGMA pursuant to Section 3.1 becomes available to third parties for commercial purposes through an act of or failure to act by PERIMMUNE, the obligations of SIGMA set forth in this Article V shall terminate.
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Termination of Royalty Obligation. For each Licensed Product, the obligation to pay royalties under Section 6.3.1 shall terminate, on a country-by-country basis, upon the expiration of the later of: (A) [ * ] ; or (B) [ * ] of such Licensed Product in such country; provided, however, that the royalty rate set forth in the respective tables in this Article 6 shall be applicable for [ * ] claiming or covering the manufacture, use of sale of such Licensed Product, and thereafter the royalty rate shall be [ * ] for such Licensed Product for the remainder, if any, of the royalty term for such Licensed Product set forth in this Section 6.3.3.
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Termination of Royalty Obligation. Upon termination of the Company's obligation to pay royalties to Alliance under the License Agreement, the Company shall be dissolved in accordance with Article 15 hereof.
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Termination of Royalty Obligation. Licensee's obligation to pay a running royalty on Net Sales of a Licensed Product shall terminate * * *. After termination of Licensee's obligation to pay a running royalty on Net Sales of a Licensed Product in a country, no further royalties shall be payable in respect of sales of such Licensed Product in such country and, thereafter, the licenses granted to Licensee under Section 2.1 with respect to such Licensed Product in such country shall be fully paid-up, perpetual, exclusive, irrevocable, royalty-free licenses.
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Termination of Royalty Obligation. Licensee's obligation to pay a running royalty on Net Sales of a Licensed Product shall terminate on a country-by-country basis upon the date on which the last Valid Claim included within the Licensed Patents, which Valid Claim would be infringed by the manufacture, use or sale of such Licensed Product in such country, ceases to be a Valid Claim (e.g., upon expiration, lapse, disclaimer, holding that such claim is invalid or unenforceable, etc.). After termination of Licensee's obligation to pay a running royalty on Net Sales of a Licensed Product in a country, no further royalties shall be payable in respect of sales of such Licensed Product in such country and, thereafter, the licenses granted to Licensee under Section 2.1 with respect to such Licensed Product in such country shall be fully paid-up, perpetual, exclusive, irrevocable, royalty-free licenses.
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Termination of Royalty Obligation. HC's obligation to pay royalties to IMSI under Section 4.1 shall be terminated by HC on the date after June 30, 2003 that , in addition to royalties owed by HC to IMSI under this Agreement, HC pays IMSI $100,000 and HC has bought out the Software License and Distribution Agreement entered into between the parties, pursuant to Section 10.4 of that Agreement. HC shall determine, in its sole discretion, if and when to make such payment to IMSI and if such a payment is made by HC, no royalties shall be owed by HC on Net Revenue for Software distributed by HC after the date such payment is made.
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Termination of Royalty Obligation. The royalty payments due on all of NANOGEN's sales of Cartridges shall continue until such time as HITACHI has recouped (through royalty payments made by NANOGEN) ******************** of the aggregate amount of funding it has paid to NANOGEN pursuant to Section 3.1 as of the expiration or earlier termination of this Agreement, whichever occurs first. Any amount owed to HITACHI by NANOGEN pursuant to Section 3.2 upon expiration or termination of this Agreement shall survive termination of this Agreement until paid.
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Related to Termination of Royalty Obligation

  • Termination Obligations The Supplier shall comply with all of its obligations contained in the Exit Plan. Upon termination or expiry (as the case may be) or at the end of the Termination Assistance Period (or earlier if this does not adversely affect the Supplier's performance of the Ordered Panel Services and the Termination Assistance and its compliance with the other provisions of this Contract Schedule 2), the Supplier shall: cease to use the Customer Data; provide the Customer and/or the Replacement Supplier with a complete and uncorrupted version of the Customer Data in electronic form (or such other format as reasonably required by the Customer); erase from any computers, storage devices and storage media that are to be retained by the Supplier after the end of the Termination Assistance Period all Customer Data and promptly certify to the Customer that it has completed such deletion; return to the Customer such of the following as is in the Supplier's possession or control: all materials created by the Supplier under this Legal Services Contract in which the IPRs are owned by the Customer; any equipment which belongs to the Customer; any items that have been on-charged to the Customer, such as consumables; and any sums prepaid by the Customer in respect of Ordered Panel Services not delivered by the Expiry Date; vacate any Customer Premises; remove the Supplier Equipment together with any other materials used by the Supplier to supply the Ordered Panel Services and shall leave the sites in a clean, safe and tidy condition. The Supplier is solely responsible for making good any damage to the sites or any objects contained thereon, other than fair wear and tear, which is caused by the Supplier and/or any Supplier Personnel; provide access during normal working hours to the Customer and/or the Replacement Supplier for up to twelve (12) Months after expiry or termination to: such information relating to the Ordered Panel Services as remains in the possession or control of the Supplier; and such members of the Supplier Personnel as have been involved in the design, development and provision of the Ordered Panel Services and who are still employed by the Supplier, provided that the Customer and/or the Replacement Supplier shall pay the reasonable costs of the Supplier actually incurred in responding to requests for access under this paragraph. Upon termination or expiry (as the case may be) or at the end of the Termination Assistance Period (or earlier if this does not adversely affect the Supplier's performance of the Ordered Panel Services and the Termination Assistance and its compliance with the other provisions of this Contract Schedule 2), each Party shall return to the other Party (or if requested, destroy or delete) all Confidential Information of the other Party and shall certify that it does not retain the other Party's Confidential Information save to the extent (and for the limited period) that such information needs to be retained by the Party in question for the purposes of providing or receiving any Ordered Panel Services or termination services or for statutory compliance purposes. Except where this Contract provides otherwise, all licences, leases and authorisations granted by the Customer to the Supplier in relation to the Ordered Panel Services shall be terminated with effect from the end of the Termination Assistance Period.

  • Payment of Reimbursement Obligations (a) The Borrower agrees to pay to the Administrative Agent for the account of the Issuing Bank the amount of all Advances for Reimbursement Obligations, interest and other amounts payable to the Issuing Bank under or in connection with any Facility Letter of Credit when due, irrespective of any claim, set-off, defense or other right which the Borrower may have at any time against any Issuing Bank or any other Person, under all circumstances, including without limitation any of the following circumstances:

  • Severance Obligations In the event an offer of employment is extended by the Buyers to and accepted by an employee of the Seller pursuant to Section 4(c) and such subsequent employment by the Buyers is terminated within sixty (60) days from the Closing Date, the Seller shall be responsible for, and shall pay to such accepting employee, all severance benefits (if any, pursuant to the Seller's practices as in effect on the Closing Date) that may be due and owing such employee by reason of his or her employment with either the Seller or the Buyers

  • License of Data; Warranty; Termination of Rights A. The valuation information and evaluations being provided to the Trust by USBFS pursuant hereto (collectively, the “Data”) are being licensed, not sold, to the Trust. The Trust has a limited license to use the Data only for purposes necessary to valuing the Trust’s assets and reporting to regulatory bodies (the “License”). The Trust does not have any license nor right to use the Data for purposes beyond the intentions of this Agreement including, but not limited to, resale to other users or use to create any type of historical database. The License is non-transferable and not sub-licensable. The Trust’s right to use the Data cannot be passed to or shared with any other entity. The Trust acknowledges the proprietary rights that USBFS and its suppliers have in the Data.

  • Performance Obligations The Purchaser shall have performed in all respects all obligations required to be performed by it under this Agreement at or prior to the Closing.

  • Performance Obligation 11.1 Developer’s Attachment Facilities 11.2 Connecting Transmission Owner’s Attachment Facilities

  • Sharing of Reimbursement Obligation Payments Whenever the Agent receives a payment from the Borrower on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Agent has previously received for the account of the Letter of Credit Issuer thereof payment from a Lender, the Agent shall promptly pay to such Lender such Lender’s Pro Rata Share of such payment from the Borrower. Each such payment shall be made by the Agent on the next Settlement Date.

  • Obligations Following Termination If a Non-Defaulting Party terminates this Agreement pursuant to this Section 13(b), then following such termination, Seller shall, at the sole cost and expense of the Defaulting Party, remove the equipment (except for mounting pads and support structures) constituting the System. The Non-Defaulting Party shall take all commercially reasonable efforts to mitigate its damages as the result of a Default Event.

  • Nature of Reimbursement Obligations The Borrower and, to the extent set forth in Section 2.6.1, each Lender with a Revolving Loan Commitment, shall assume all risks of the acts, omissions or misuse of any Letter of Credit by the beneficiary thereof. The Issuer (except to the extent of its own gross negligence or willful misconduct) shall not be responsible for:

  • Termination of Rights The right of first refusal granted the --------------------- Company by Section 3(b) above and the option to repurchase the Shares in the event of an involuntary transfer granted the Company by Section 3(c) above shall terminate upon the first sale of Common Stock of the Company to the general public pursuant to a registration statement filed with and declared effective by the Securities and Exchange Commission under the Securities Act. Upon termination of the right of first refusal described in Section 3(b) and the expiration or exercise of the Repurchase Option, a new certificate or certificates representing the Shares not repurchased shall be issued, on request, without the legend referred to in Section 6(a)(ii) below and delivered to Purchaser.

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